The insurer that gives it all away w/ David Lane, MD of Ecclesiastical Insurance Ireland

David Lane, MD of Ecclesiastical Insurance Ireland (proudly part of the Benefact Group), tells The Irish Catholic podcast, Education Nation, why the company's unique ownership model means its profits go to charity — and why that matters for Catholic institutionsMost people regard paying an insurance premium as, in David Lane's words, a grudge purchase. Nobody wakes up in the morning delighted to be writing the cheque. But what if the company cashing that cheque was giving its distributable profits away? Not to shareholders, not to directors, but to charitable causes — over €250 million of them in the past decade alone.That is the reality of Ecclesiastical Insurance, the specialist insurer whose Irish managing director sat down recently with the Education Nation podcast and its host Nicky Cuddihy, to explain a business model that is, in the truest sense, unique.Ecclesiastical is not a household name in Ireland, at least not in Catholic households. Founded 135 years ago to provide insurance for the Anglican Church, it arrived in Ireland about 45 years ago through the Church of Ireland portfolio, insuring everything from large Cathedrals like Christ Church and St Patrick's, to rural parish churches across the country. For many Irish Catholics, the company has simply been off the radar — associated, if at all, with another tradition.That, says Lane, is something he is keen to change.